According to the comparison of the previous policies of the Ministry of Finance, the highlight of the “Notice” was to make relevant regulations for the taxation of new integrated circuit manufacturing companies or projects after January 1, 2018.
Specifically, for integrated circuit manufacturing companies or projects with a line width of less than 130nm and an operating period of more than 10 years, the enterprise income tax is exempted from the first year to the second year, and the statutory tax rate is 25% from the third to the fifth year. Corporate income tax is halved; if the line width is less than 65nm or the investment exceeds 15 billion yuan, and the operating period is more than 15 years, the enterprise income tax will be exempted from the first year to the fifth year, and the second year to the decade will be 25%. The statutory tax rate is halved on corporate income tax.
In response, some industry associations interviewed by the Shanghai Daily stated that the new tax policy only affects newly established integrated circuit manufacturing companies and has a small impact on the industry as a whole, but this shows that resources are further tilted toward dominant companies, leading companies will be stronger. Hengqiang. For example, the new policy widened the tax incentives further, and at the same time increased the requirements on the amount of investment. This would benefit new large-scale investment projects, such as SMIC, Hua Honghong. Force, most of the new investment projects stored by the Yangtze River comply with these tax incentives.
Behind the collective rally in the integrated circuit sector, besides the stimulation of policy factors, the profits of the dominant companies in this sector are also quite encouraging. The data shows that among the integrated circuit companies that have disclosed the 2017 annual report or the pre-incident announcement, the performance of about 13 companies has increased year-on-year. Growth. Among them, Nasda, Silan Micro, Fuman Electronics, Jingfang Technology, Shanghai Belling, Zhaoyi Innovation, and other companies have increased/pre-incremented by more than 50%.
The reporter interviewed a number of listed companies and learned that the integrated circuit industry will continue its booming trend in 2018. This is evident from the first-quarter advance announcement. North China Chuang expects the first quarter profit to be 14.9172 million yuan to 15.7192 million yuan, an increase of 830% to 880. %; Zhongying Electronics expects the first quarter profit to be 29.26 million yuan to 35.91 million yuan, an increase of 10% to 35%; Nasda turned losses to profit, and is expected to make a profit of 20 million yuan to 120 million yuan in the first quarter.